Hollywood Developer Slain In Resort Office

HOLLYWOOD — The developer of a Hollywood beach time-sharing resort was shot to death in his office Tuesday afternoon by a man who had made several appointments to see apartments, police said.

Khairy El-Guizery, 49, owner of the Neptune Hollywood Beach Club at 310 McKinley St., was pronounced dead at the scene about 5:15 p.m., police said.

Employees in an office behind El-Guizery`s heard him arguing with his killer moments before ``at least two shots`` were fired, police said.

A woman ran to see what was going on after the employees heard furniture being knocked around, said James Rabbitt, spokesman for Hollywood police. When she opened the door to the office, she saw El-Guizery and the suspect both covered with blood, Rabbitt said.

Police said they are searching for a suspect known only by the last name of Alvarez, who fled in a charcoal-colored Datsun. They were still seeking him Tuesday night.

The Neptune was developed about three years ago, said the security guard for the building. The white building sits at the end of a quiet street lined with picnic tables.

Police said they didn`t know if El-Guizery knew his killer. Alvarez had made many appointments to see an apartment but never showed up until Tuesday afternoon, Rabbitt said. He came an hour late on Tuesday and was shown around by a female associate, he said.

Alvarez then went into El-Guizery`s office alone, Rabbitt said.

``Employees could hear screaming. They heard some furniture being knocked around as if there was a fight going on,`` he said.

Police described Alvarez as a white male in his early 30s, with dark hair and mustache, wearing sunglasses.